The pair Solana/Tether (SOL/USDT) jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 153.880000000 is expected.
Caution: A possible change in the direction of the support level at 149.860000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.990000000 |
| 2nd High | 156.350000000 |
| Next High | 153.880000000 |
| Current Price | 150.310000000 |
| Next Low | 149.860000000 |
| 2nd Low | 149.450000000 |
| 3rd Low | 137.140000000 |
153.880000000 – 153.260000000 – 156.350000000 – 149.860000000 – 151.770000000 – 149.450000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Engulfing –